Rwanda's CPI up 6.9 pct year on year in July 2016
Rwanda’s Consumer Price Index (CPI), main gauge of inflation has risen 6.9 percent year on year in July 2016 up from 5.5 percent in June 2016.
In July 2016,‘Food and non-alcoholic beverages’, ‘Housing, water, electricity, gas and other fuels’and Transport rose by 13.8 percent, 2.7 percent and 8.7 percent respectively.
The data also show the “local goods” increased by 7.5percent on annual change andincreased by 0.8 percent on a monthly basis, while prices of the “imported products” increased by 5.2 percent on annual basis andincreased by 2.3 percent on a monthly basis.
The prices of the “fresh products” increased by 19 percent on annual change and increased by 3.6 percent on a monthly basis.
By: Lucie MUTETIJABIRO